Trend Table for SPNS - Sapiens International Corporation N.V.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 31	A	Strong	Up	Up	Up	-7.16%
Aug 30	A	Strong	Up	Up	Up	-7.00%
Aug 29	A	Strong	Up	Up	Flat	-6.56%
Aug 28	A	Strong	Up	Up	Down	-5.48%
Aug 25	A	Strong	Up	Up	Down	-5.86%
Aug 24	A	Strong	Up	Up	Down	-5.77%
Aug 23	A	Strong	Up	Up	Up	-7.96%
Aug 22	A	Strong	Up	Up	Down	-6.12%
Aug 21	A	Strong	Up	Up	Down	-6.02%
Aug 18	A	Strong	Up	Up	Down	-6.72%